Omni-Lite Industries Canada (OTCMKTS:OLNCF) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCFGet Free Report)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.85 and traded as low as $0.82. Omni-Lite Industries Canada shares last traded at $0.82, with a volume of 300 shares.

Omni-Lite Industries Canada Stock Performance

The company’s fifty day moving average price is $0.82 and its 200-day moving average price is $0.85. The stock has a market cap of $12.68 million, a P/E ratio of 27.31 and a beta of 0.10.

Omni-Lite Industries Canada (OTCMKTS:OLNCFGet Free Report) last released its earnings results on Wednesday, May 21st. The industrial products company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $3.31 million during the quarter. Omni-Lite Industries Canada had a net margin of 2.07% and a return on equity of 1.79%.

Omni-Lite Industries Canada Company Profile

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Omni-Lite Industries Canada Inc operates as a designer and manufacturer of precision components in the United States and Canada. It offers forged, electronic, and investment casting components for aerospace, military, specialty, automotive, sports, and recreational industries. The company was incorporated in 1992 and is headquartered in Cerritos, California.

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